The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-12-12

Dut cannot see why cash deposit would
not he as good certificate, for the deposit
could be issued by the government as
those issued by banks toprivatc depositors,
and by this deposit the bank could be au-
thorized charter and get exactly the same
supervision given as present, withou,
the issuance OF dollar of bank money.
If there ever was any necessity for bank
notes it has disappeared We have the
best banking system in the world, but il
was not made good by the system of circu-
lation. Government supervision and fed
cral laws generally are what made and per-
fected the system. 4 deposit of 81 900 and
the issuance of no circulation will
give all the security the present
system affords bank, would also main
tain the present system of circulation, TO
the extent of reducing the minimum OF
deposit with the treasurer 10 the lowest
possible figure, but have il so bonds or
cash could be deposited. leash, n certif-
cate would be issued by the treasury and
no bank circulation would be issued; il
bonds are deposited, the limit might be
raised at the option of the bank, and cir
culation issued in proportion. | do not
think banks should be confined TO the de-
post of bonds to secure circulation, even
II the minimum is reduced, and 10 not
think they ought TO he required 10 take
out circulating notes, since the end sought
can be much more easily attained"
PROFESSIONAL PROGRAM FOR THE WEEK.
The Senate is expected TO formally elect
its committees tomorrow, thus ratiiying
the work which the Republicans on their
part have already performedin caucus, aud
which the Democrats will have accom-
plished before the body is called TO order.
Little beside the introduction OF bills is
likely TO occur during the remainder Of the
week in the open session OF the Senate.
The President has before him 365 messages
nominating postmasters alone, all of whom
have been appointed during the recess of
Congress and are already in office,
which messages he will send TO the
Senate rs fast rs he can examine and
sign them. Other recess nominations, sui
ficicnt TO bring the number up to about
600, are expected during the week. Daily
secret sessions are likely TO occur for the
purpose of reading andrcfcrring these, and
Il is possible that some of the Cabinet nomi-
nations already sent TO the Senate, but
not yet laid before the body, may la re-
ported for action before the end OF the
week. All the important committees will
hold meetings during the week for the
purpose Of organization, and OF surveying
prcliminarily the work before them. The
daily sessions OF the Senate are likely TO be-
short ones.
Short sittings and long adjournments
may be expected in the House Of Repre-
scniativcs this week. II is possible that n
day may be set apart for the introduction
OF bills, but several prominent members
are known 10 be opposed To a continuance
Of this practice, and their objections
may result in deicrring the opportunity
until after the announcement OF the com.
nittees. The speaker will appoint the
committee on rules within day or two,
and recess for two DAYS will probably be
taken in order 10 allow that committee
an opportunity to consider and H.
port upon the various propositions that
have already been introduced looking tn
amendments - the former rules. MIR.
McCreary' s<Rsolution. requiring the gen.
eral appropriation bills to bc reported "a
| the House by the committees within sixty
days after their appointment during the
long session, will probably be- speedily aud
/ iavombly reported by the committee on
rules, and the discussion following the NJ.
/ port may consume the time ui the House
1 for u day or two. There is also talk oi nm
/ aggressive movement 10y the friends oi
some of the House officials recently dis
/ placed, which may cnliycn the proceed.
ings during the latter part Of the week
LASD CASE DECIDED.
Acting Secretary Muldrow today cn.
dercd decision on the petition Of II. Il.
elise and Others. asking that the Attorney
General bc requested 10 institute suit "a
/ sct aside patents issued Ia the Union Pa.
cilic railway company for about 20o.O0C
acres Of land lying contiguous 10 Denver,
Col. The land In question lies within q
/ quadrant formed by the Kansas Pacific
| railway, extended west from Denver. and
the Cheyenne branch Of the Union Pacific
railway, EXTENDED south from Denver
The petition declares that the lands In
qucstioR'lie outside the railroad grant
/ The acting secretary sustains the petition
and directs the commissioner Of the gun
erll land.onicc Ia make formal demand on
the railroad company for q rcconyoyunc,
Of the Land
THE CRUISER ATLANTA.
The report Of Capt Buncc, commanding
the cruiser Atlanta, and the Endorsement